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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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The DCDC Global Strategic Trends Programme 2007-2036
Public Policy; Political and Legal NewsA fascinating 91-page document that probably represents some of the best thinking by the global elite. Below are a few selections that might be of particular interest to Energy Bulletin readers.

...During the next 30 years, every aspect of human life will change at an unprecedented rate, throwing up new features, challenges and opportunities. Three areas of change, or Ring Road issues, will touch the lives of everyone on the planet and will underpin these processes: climate change, globalization and global inequality...


Resource Competition. Economic growth and increased consumption will result in greater demand and competition for essential resources. Demand for energy is likely to grow by more than half again by 2035 and fossil fuels will have to meet more than 80% of this increase.5 Major reserves are in politically unstable regions and primary consumer nations are likely to be increasingly reluctant to trust security of supply to market forces and the integrity of the international system.

Resource Dimension: Outcomes (p.23-4)

Over the next 30 years, the resource-related challenges to global stability will be diverse, wide-ranging and significant. Climate change and a shifting environment; increasing demand for natural resources, particularly food, water and fossil fuels; a growing and rapidly globalizing economy; urbanization and the emergence of new health challenges will all have major impacts and unpredictable effects. While the global economy is likely to grow during the period, improving material conditions for many people, the combined, uneven effect of these impacts will be to increase uncertainty for many, creating new sources of insecurity, instability and tension.

Energy Bulletin

Posted on Wednesday, February 28 @ 10:21:06 PST by Leanan
 
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ARE We Out of Gas Yet?

 
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